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Biotech / Medical : pharmaceutical labs (phlb) -- Ignore unavailable to you. Want to Upgrade?

To: Boolish who wrote (169)	8/5/1999 1:20:00 AM
From: SusieQ	Read Replies (1) \| Respond to of 227

Ohhhh you silly guy, maybe all of us should call the company until George talks to one of us. Susie

To: Boolish who wrote (169)	8/5/1999 4:37:00 AM
From: Mike Perras	Read Replies (1) \| Respond to of 227

Hi Bool & Susie: Sometimes it appears easier to make money on the little P&D scammers than look for really great young companies. You would never farm out the CEO position, why in God's name do they farm out the IR position to an in house person. An unqualified person! The IR people are worth their weight in gold and they know how to properly move company news and create excitement in the investment community. You leave those duties to a CEO or God forbid a CFO who in most cases no nothing about promotion. They go out and get the better company contracts yes and yet have no ability to convey that good news to the public at large. I've been in the radio business for 27 years and there are certain positions you just have to hire professionals for. You'd never have sales people reading the news or news people fixing transmitters just because they are already on the payroll. It does make perfect sense to outsource certain jobs I agree as it makes perfect sense to do certain things in house. Good management knows, or should, just how tough a job it is to delegate on a daily basis. There should never be a time that shareholders can not reach a company spokesperson to discuss the current status of that company. That's why we get so frustrated when we hear things like 'oh he's on holidays etc' and independent firm makes it their business to know all there is to know about their client and have ample staff able to speak on their behalf every working day of the year the markets are open. Quite simply, an IR firm is the front door to your business. If you keep that door locked too often, no sales, no growth & no future! George may be a good guy but not qualified to deal on the shareholder level. Being unaware of how to handle these calls, he just says things you want to hear at the time, pats you on the head & away you go. A week later you've told 100 people & 300 other lurkers the good news and then nothing .. this can't go on too long before that company has zero credibility from the investment community. And guess what, there are far too many other opportunities out there .. there's a good chance you'll never be back. We want to invest dollars now and that should count for something. Some parents are too busy to raise their own kids, some businesses are too busy to raise their own companies .. the kids turn rotten and so do the companies who haven't had that guiding hand pay attention to all 'the little stuff' .. shareholders are like kids and need nurturing & support. I should write a paper on the subject & prove to some of these clowns once and for all that you can pay an IR firm and actually see great returns. Seems that bean counters rule the planet, save a dime here and there only to loose thousands later. Radio, TV & Newspaper advertising is the first thing businesses cut when they have to cut back expenses, bean counters look good the first year & then when people have long since forget their companies exist 'out of sight out of mind' .. they fire the sales people because sales are down, IMO bean counters, CFO types can very quickly put a business under if in fact they have no vision and as you know most do not. Susie & Bool, you guys call these people and tell em straight, tell them you represent a rather large following of people interested in their company & your people need proper attention or they are moving on to another operator who appears more interested. We are their customers and deserve some quality service here. 10-4, Roger, Over & Out! Mike